Sites targeted for unregistered P2P trading, posing financial crime risk

Several websites have been targeted for facilitating peer-to-peer (P2P) trading without necessary registration or anti-money laundering controls, according to CoinDesk. This lack of compliance poses a significant financial crime risk, as these platforms operate outside regulatory oversight, potentially enabling illicit activities. Authorities are increasingly focusing on such unregulated platforms to mitigate risks associated with financial crimes and ensure adherence to legal standards.